Europe Cardiac Arrhythmia Monitoring Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Cardiac Arrhythmia Monitoring Devices Market is Segmented by Devices (Event Monitoring Devices, Continuous Rhythm Monitoring Devices, Holter Monitoring Devices, Other Devices), Service Providers, Geography

Market Snapshot

Car4
Study Period:

2018 - 2026

Base Year:

2020

CAGR:

5.5 %

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Market Overview

In most of the cardiac disorders, continuous cardiac monitoring is required. Although cardiac arrhythmia cannot be cured completely, the best possible way to continuously monitor the patients suffering from cardiac arrhythmia by using the cardiac arrhythmia monitoring devices, which is referred to as telecardiology. Telecardiology is a cost-effective intervention for the elderly population affected by heart failure. These devices monitor the rhythm of the heart and record any abnormalities in heart functioning. Most of these devices can be monitored remotely, which makes it possible to effectively and efficiently monitor the patients suffering from cardiac arrhythmia. Since these devices improve the convenience of the patients, telecardiology is becoming extremely popular, in comparison to regular patient visits to hospitals both among the patients and the doctors. The early application of the telecardiology involves the transfer of EKGs via fax and consultation with specialists by telephone. Recently, things have shifted with the usage of telecardiology in areas, like remote patient monitoring, ECG, echocardiograms, teleconsultation through video, monitoring, and rapid interpretation cardiac diagnostic tests, and teleconferencing for interventional cardiology. Hence, these factors are expected to drive the market growth.

Scope of the Report

As per the scope of the report, cardiac arrhythmia monitoring devices refer to the instruments that are used to treat arrhythmia.

By Devices
Event Monitoring Devices
Continuous Rhythm Monitoring Devices
Holter Monitoring Devices
Other Devices
By Service Providers
Mobile Cardiac Telemetry Monitoring Service Providers
Independent Diagnostic Testing Facilities/Clinics
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Holter Monitoring Devices is Expected to Dominate the Market Over the Forecast Period

Holter monitoring devices dominate the market as these devices can be used for longer durations for diagnosing sporadic symptoms in suffering patients. They also offer faster and convenient monitoring to increase patient compliance and is also likely to enhance the treatment outcome. Furthermore, there are several advancements taking place in the cardiac arrhythmia monitoring devices market and these advances are rapidly increasing, which in turn, is driving the cardiac arrhythmia monitoring devices market. For instance, recently, NASA launched the human research facility Holter monitor (Holter), which is a modified commercial off-the-shelf (COTS) device that accurately records the electrical activity of a crewmember's heart over an extended period of time. Hence, owing to the increasing demand for these devices, along with rising cardiovascular disorders, the market is expected to grow in the future years.

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Competitive Landscape

The European cardiac arrhythmia monitoring devices market consists of several major players. The companies are implementing certain strategic initiatives, such as mergers and acquisitions, new product launches, and partnerships, that help them in strengthening their market position. For instance, in December 2018, iRhythm Technologies Inc. developed a new device called Zio patch which helps patients to monitor their heartbeat.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Use of Telecardiology

      2. 4.2.2 Ease of Use and Portability of Cardiac Arrhythmia Monitoring Devices

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Devices

      1. 5.1.1 Event Monitoring Devices

      2. 5.1.2 Continuous Rhythm Monitoring Devices

      3. 5.1.3 Holter Monitoring Devices

      4. 5.1.4 Other Devices

    2. 5.2 By Service Providers

      1. 5.2.1 Mobile Cardiac Telemetry Monitoring Service Providers

      2. 5.2.2 Independent Diagnostic Testing Facilities/Clinics

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ACS Diagnostics, Inc.

      2. 6.1.2 BioTelemetry Inc.

      3. 6.1.3 Cardiac Science Corporation

      4. 6.1.4 GE Healthcare

      5. 6.1.5 iRhythm Technologies Inc.

      6. 6.1.6 Medi-Lynx Cardiac Monitoring LLC

      7. 6.1.7 Koninklijke Philips NV

      8. 6.1.8 Abbott Laboratories

      9. 6.1.9 Medtronic PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Europe Cardiac Arrhythmia Monitoring Devices Market market is studied from 2018 - 2026.

The Europe Cardiac Arrhythmia Monitoring Devices Market is growing at a CAGR of 5.5% over the next 5 years.

  • BioTelemetry Inc.
  • Cardiac Science Corporation
  • GE Healthcare
  • iRhythm Technologies Inc.
  • Abbott Laboratories

Are the major companies operating in Europe Cardiac Arrhythmia Monitoring Devices Market.

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